Motor Inc, a reseller of motor vehicles, has paid $86,000 for a vehicle to be sold to a customer. However, this has been recorded as an acquisition of a company vehicle for its managing directors use. The appropriate journal entry to correct the error will include a: Question 1 options:

1)

credit to the Inventory

2)

debit to Accounts Payable

3)

debit to Cash

4)

credit to the Motor Vehicle